** The slight increase in prices rebounded slightly later
Panel Lights,Led Panel Light,Panel Light For Home,Waterproof Panel Light Top Lighting International (HK) Co., Limited , https://www.topled-group.com
Chang Yingzhi, a research fellow in the chemical industry of China Investment Advisors, pointed out that the current low season of the ** terminal market, domestic ** market demand is relatively weak, and the market volume is relatively small. However, due to the recent rebound in crude oil and naphtha prices, the market's expectation of rising pure benzene prices has increased, and some pure benzene suppliers are reluctant to sell. As a result, the recent domestic market price of pure benzene has rebounded slightly.
Chang Zhizhi pointed out that pure benzene is mainly used in the production of styrene, aniline, phenol, oxime, caprolactam and other products in China. Due to poor downstream demand, styrene, aniline and other enterprises have a low operating rate. The purchase of pure benzene is limited, which makes the market demand for pure benzene in the country relatively sluggish.
However, due to the high degree of correlation between pure benzene and international crude oil prices, the recent international crude oil prices have risen from the previous period, which will, to a certain extent, lead to a rebound in domestic prices. According to relevant data, the correlation between domestic prices and international oil prices in recent years is as high as 95%. At present, international crude oil prices have rebounded. OPEC's oil prices have risen significantly. Last week, they have risen for 5 consecutive days. This will support the rise in prices.
Zhang Yanlin, research director of China Investment Consulting Group, believes that although domestic prices have recently picked up, due to the current international economic situation is not very optimistic, international crude oil prices have not been driven by rising momentum; and now downstream demand is still sluggish. To curb the rise in domestic prices, it is expected that prices will not increase too much in the short term.
The “Investment Analysis and Forecast Report of China's Basic Organic Chemicals Industry in 2011-2015†published by China Investment Advisors shows that pure benzene is one of the most important basic organic chemical raw materials and is mainly used in the production of styrene, aniline, and phenol in China. **, caprolactam and other products, has been widely used in synthetic plastics, rubber, fiber, medicine, pesticides, spices and dyes and other fields.